Netlist, Inc. (NLST) Short Interest Update

Netlist, Inc. (NASDAQ:NLST) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 5,358,375 shares, a drop of 22.2% from the February 15th total of 6,891,427 shares. Based on an average daily trading volume, of 941,070 shares, the short-interest ratio is currently 5.7 days. Currently, 12.0% of the shares of the stock are short sold.

A number of brokerages have commented on NLST. Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine raised shares of Netlist from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.

Netlist (NLST) opened at $0.27 on Monday. Netlist has a 52 week low of $0.25 and a 52 week high of $1.40. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78. The company has a market cap of $19.29, a PE ratio of -1.19 and a beta of -1.22.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP increased its position in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the period. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.23% of the company’s stock.

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Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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